Wednesday, July 13, 2016

Jumbo - Late Night Sharing

It was late last evening but nevertheless, the sharing continued and I shared Jumbo to many before it started to breakout now as we see in the Top 30 Volume. As for why Jumbo, that's because a base was built in the 5 min chart and the stock was bullish without tanking after some minor profit taking. Considering Jumbo is already at the all time high, the high only gets higher with no "resistance" since the stock was strong.

While Jumbo is one of the stronger stock today. For the next few days, I hope to pick another similar stock like this. As of now, the stock is suffering mini selling but after that selling is over, it's time to rise. Stay tune.

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picture source: Edge magazine

Ronald K - Market Psychologist - A Stock Market Opportunist